TYR (ASX) Tyro Chart Analysis

Originally posted by Cheeky-Charm: ↑

G'day TYRO Holders & fellow associates

I made a Bullish call off the lows alluding a decent buy in the low 90c to $1 zones alittle over 1 month ago. We all made a good return!
Sorry to now flip the tune but we traders play predictable moves, certain price levels and when criterias are met, not only does the pattern change but the thesis along with it.

I PROMISE I AM NOT A MARKET MAKER, IM TOO NOISY FOR ANY INSTO TO HAVE BALLS HEADHUNTING ME although I am willing to change Regal Funds, wanna link arms?

Right now, after putting out results which didn't report the worst numbers to me, Investors have a hard time understanding why stocks sell down like this on GOOD NUMBERS.

Unlike us traders, we recognise something known as an Earnings Loser or Winner. In this case, the market deems it as an Earnings loser DUE TO THE REACTION, NOT THE NEWS OR NUMBERS! This alone is a golden gem that'll make or save people THOUSANDS of dollars

SENTIMENT: STRONG SELLPOSITION: Not Holding a Long
A breach of $1 will put 92c to 85c as new targets, and these are new 52wk lows comin'

Attached Daily shows the 1st Yellow Circle as a intense Supply candle
Prices now have closed BELOW that candle waaaay on the left of the chart
Infact TYRO has breached through EVERY SINGLE SUPPORT zones it once used for the run up.
This action from today's candle is your typical GAP N CRAP setup
With $1.38 former highs when I made the thesis in September 2023 to bail ship, Prices now in 2024 met STRONG rejection at $1.30, a LOWER High. This is the TOP Should be a fire-sale next coming days as MANY retailers bought into the $1.08 level as an Institutional Market Maker deliberately stacked the BIDS at $1.065 and higher up, offloading and shorting some shares there, followed by an intraday breakout to $1.10 which is a strong 150/200 EMA zone on smaller timeframes.

AND for us smaller time frame dudes, here is the 1min chart showing clear GREEN volume, this happened because BIDS got hit. Someone with size took profits INTO strength

The intraday breakout towards $1.10, that move from $1.08 etc was chased by some Retailers who would of HAD to be quick to take profits because whoever else bought what Regal Funds most likely shorted into, they may see themselves "cutting losses" for the ones with discipline, whilst the majority of traders and investors are likely to be adding, to their losing positions. I made a small intraday scalp from $1.08 Short and took profits into $1.055 just very small size to get a feel. By the time $1.10 rejected I couldn't get locates to short into $1.095.. Sad times

FINALLY a Pattern Comparison

Below are Daily Charts of 2 BNPL stocks....TYR V EML
Both are Gap N Crappers
EML Tried bouncing off the lows, I dipbought the 1st red day and sold intraday....wish I held to my target but anyways we can see EML subsequently sold right back down to the lows BEFORE trying the run again and succeeded., We can see the long bleeding sell down is a tough hold. Prices have only spiked in EML due to ZIP being in play. Now that ZIP is broken and showing the reversal, this to me indicates a sector rotation as money exits out.
I don't suspect with a Daily Chart that's so broken like TYR, it would be hard to have a multi day bounce like what EML did UNLESS $1 was held and supported again.
First stop $1.03 and then we see....I reckon it trends to new 52wk lows as ZIP leads the way down south

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I have a hard time accepting this write up entirely. The first part sure, no worries, entirely logical. The final part...well my primary issue is that you're lumping ZIP, EML and TYR into the bucket. Second two, yes, first one...nah. They are fundamentally different businesses, and I do not believe that putting them in the same bucket is good analysis. Also important to consider with EML is the whole Ireland thing - again, a fundamental factor impacting trading, as opposed to a technical one...and certainly not ZIP's doing!

Or to put it another way, calling TYR anything close to a BNPL stock is extremely off the bullseye to my eye. Yes it's integrated, but it and of itself is not BNPL. Considering them together

Beyond that, I like the write up as a short term technical analysis. I think short term at the least, yeah for sure, there's trouble as the market did not like this result. But on pure fundamentals I still like the business at a core level, over the long term. If you're looking to make money in the short term though, I'd throw my lot in with you Charm, stay away!